Dayna Grayson and Rachel Holt seemingly didn’t have the best timing. It was late in 2019 when the two, who met six years ago in Washington through a mutual acquaintance, decided to act on earlier conversations and start a fund together called Construct Capital.
At the time, Grayson spied an opportunity to create a new venture brand that focused largely on the types of manufacturing-related deals that she was funding inside of the investing giant, NEA, which she joined in 2012.
Holt, who’d joined Uber in 2011, rising from a city general manager in Washington to the eventual head of the …
